NextEra Energy vs PG&E
NextEra Energy reported revenue of $25.8 billion in fiscal 2025, about the same as PG&E's $24.9 billion in fiscal 2025. NextEra Energy's revenue grew 9.8% in its latest year, and PG&E's grew 2.1%. NextEra Energy had an operating margin of 32.1%, against 19.1% at PG&E.
Side by side
| NextEra Energy | PG&E | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $25.8B | $24.9B |
| Revenue growth | 9.8% | 2.1% |
| Revenue growth a year, last 5 years | 8.7% | 6.2% |
| Gross margin | — | — |
| Operating margin | 32.1% | 19.1% |
| Net margin | 26.5% | 10.8% |
| Free cash flow | — | −$3.1B |
| Free cash flow margin | — | −12.3% |
| Return on capital | 5.5% | 5.4% |
| Net debt to EBITDA | 6.3x | — |
| Dividends and buybacks | $4.7B | $0M |
| Change in diluted share count | 0.6% | 2.6% |
| Last close | $82.04 | $12.85 |
| P/E at the last close | 20.9× | 9.3× |
| Insider trades, last 12 months | sold $31.1 million | bought $211,200, sold $8.4 million |
| Piotroski F-score | 5 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
NextEra EnergyPG&E
Operating margin
Percent of revenue
NextEra EnergyPG&E
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
NextEra EnergyPG&E
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the NextEra Energy and PG&E pages.